Question

The Underwood-Simmons Tariff Act, which was passed in 1913,

Answer 1

It reduced Tariffs on all imported goods

The Underwood-Simmons Tariff act lowered tariffs from 40% to 25%.

Answer 2

The Underwood-Simmons Tariff Act, which was passed in 1913 reduced duties paid by 25-40%.

Reason for the Underwood Tariff?

The Underwood-Simmons Tariff was enacted Kim 1913 to help reduce the amount of money that is been paid on importing of goods into the country.

The reduction led to lost of revenues and income tax.

Therefore, The Underwood-Simmons Tariff Act, which was passed in 1913 reduced duties paid by 25-40%.

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